Alan Greenspan tends to give a tougher talk in a speech when he is not going to raise rates than he does when he is going to raise rates. He either barks or he bites, and I think he is barking.
More Quotes from Wayne Angell:
Bush has been more open to having more of a bipartisan board than I've seen before. I didn't even give a moment's thought that Clinton would reappoint me.Wayne Angell
We're not likely to get the bond yield moving through that 4.75 percent level until we get past all this turmoil that is now in the market.
Wayne Angell
It reduces the rate of return on that 6.5 trillion hiding in money-market accounts. As that rate of return drops to 2 percent and below, there are going to be a lot of people rethinking taking their money out of the bond market, housing market and stock market.
Wayne Angell
The markets are saying (a rate hike) is not only justified, but it's good news. It remains to be seen whether the economy will be stronger than we anticipate.
Wayne Angell
No one should interpret the remarks as being a prelude for the Federal Reserve raising the Fed funds rate at the December or February meeting. That's not going to happen. If that was going to happen, the chairman wouldn't have made a speech to puncture the exuberance.
Wayne Angell
The Federal Reserve engages in a series of rate hikes at the tail end of an expansion when inflation is accelerating. What the Federal Reserve has done today is they made that less likely and thereby this expansion is more apt to go on as long as the year 2000.
Wayne Angell
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Based on Topics: Speech QuotesBased on Keywords: barks
Our esteem for facts has not neutralized in us all religiousness. It is itself almost religious. Our scientific temper is devout.
William James
All the modern verse plays, they're terrible; they're mostly about the poetry. It's more important that the play is first.
Denis Johnson
I never met a man I didn't want to fight.
Lyle Alzado